President Obama has been aggressive in pressing Congress to consider a comprehensive debt-reduction plan that would get Democrats to go for major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue....
>>>President Obama has been aggressive in pressing Congress to consider a comprehensive debt-reduction plan that would get Democrats to go for major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue.
In what is reportedly part of President Obama’s proposal, significant reductions in Medicare spending as well as offers to tackle the rising cost of Social Security have been discussed.
The move has been referred to as a major shift for the White House and is projected to present a direct challenge to Democrats who have vowed to protect health and retirement benefits from government spending cuts.
http://www.washingtonpost.com/business/economy/in-debt-talks-obama-offers-social-security-cuts/2011/07/06/gIQA2sFO1H_story.html?tid=sm_facebook
